Exonium Exchange
Published in

Exonium Exchange

Crypto Trading 101: Pep Talk 加密货币交易101: 序幕

Before you start buying your first crypto, here’s what you need to know. 在您开始购买第一个加密货币之前,您需要了解以下内容。

Before trading or investing in crypto, there are a few important things to take note of. Dive into these 5 points before diving in with your money.

Research, and Research More

The crypto community advocates Do Your Own Research (DYOR), as a reminder to always investigate thoroughly into the coins and tokens you are interested in before you buy or trade with them. While the final investment is your personal choice, it’s advisable to arm yourself with in-depth knowledge before committing.

One of the easiest ways for newbies to start researching is by joining cryptocurrency Telegram groups or BItcoinTalk forums to get real feedback from others who are already trading. Also head to YouTube, Quora, Twitter, and cryptocurrency subreddits.

Diversify

In any form of investment, do not put all your eggs in one basket. Especially in the volatile cryptocurrency market, putting all your money in one could mean losing all of it. Investing in a few coins and tokens can mitigate huge losses. However, do not spread your buys too wide as it may result in a small profit margin. You are more likely to find success trading in two to three. Also consider hedging in this volatile market: crypto pioneers like Bitcoin (BTC) and Ethereum (ETH) are sound options to hedge against altcoins, but remember, DYOR before committing to altcoins.

Eliminate FUD & FOMO

Fear, Uncertainty, and Doubt (FUD) is a crucial factor that determines if a crypto trader will be successful, or not. This is a personal mindset that can be managed with DOYR, and going with your gut feeling. Although weighing the opinions of others is important, beware of giving in to resulting FUD from conflicting information.

Another mindset to overcome is Fear Of Missing Out (FOMO), defined as “a pervasive apprehension that others might be having rewarding experiences from which one is absent”. Comparison is inevitable when you begin “connecting” with others in the crypto market. FOMO can be detrimental to your goals and decisions. It is advisable to recognise it and deal with this as quickly as possible so that you can continue to trade with confidence.

Invest what you can lose

Crypto is an extremely volatile market that provides high rewards for high risks taken. However, do not be greedy — only invest money that you are willing to lose. When you trade outside of what you’re comfortable with and can afford, even taking loans or overdrafting on credit, you are stepping into a dangerous zone.

HODL or Swing Strategy

HODL means to hold on to your tokens versus selling and cashing out when the market dips. This strategy calls for waiting out bear markets and making informed decisions in trading digital assets. It is a strategy that 99% of successful crypto investors and traders advocate, as it generally results in better results in the long term.

On the other end, traders who Swing buy and sell tokens quickly — weeks, days, minutes — for short term profits. Their focus is on the token’s speculations or technical factors, rather than its long term prospects, and how they can profit quickly from the token’s next move.

It is important to understand your trading strategy, HODL or Swing before you begin trading.

*** Disclaimer: This content is not financial advice and should not form the basis of any financial investment decisions nor be seen as a recommendation to buy or sell any good or product. Trading cryptocurrency is complex and comes with a high risk of losing money. You should carefully consider whether trading cryptocurrencies is right for you and take the time to learn how trading works and decide how much money you are prepared to risk.

About Exonium

Exonium is a brand new world-class crypto exchange that places an emphasis on security and protection of users’ assets as well as high liquidity.

Exonium was founded to propel cryptocurrency into mass adoption. Merging the best of the exchange ecosystem and the principles of social network platforms, the exchange aims to put the power back in the hands of the community by empowering and enabling traders.

Be part of the future. Be in power. Be in a network of financial freedom.

Connect with us on Twitter, Facebook and LinkedIn for the latest updates

Ready to start trading on Exonium? Try out the seamless registration process and sign up for a new account today at https://exonium.one/

Quick guide:

在交易或投资加密货币之前,需要注意一些重要事项。潜入金钱之前,请先潜入这5点。

研究,还有更多研究

加密货币社区提倡进行自己的研究(DYOR),以提醒您在购买或交易之前,始终对您感兴趣的硬币和代币进行彻底调查。虽然最终的投资是您的个人选择,但建议您先进行深入的了解,然后再进行承诺。

新手开始研究的最简单方法之一是加入加密货币电报组织或BitcoinTalk论坛,以从已经进行交易的其他人那里获得真正的反馈。还可以访问YouTube,Quora,Twitter和cryptocurrency subreddits。

多样化

以任何形式进行投资时,请勿将所有资产都放在一个篮子里。尤其是在动荡的加密货币市场中,将您所有的钱都放在一块可能意味着全部损失。投资一些硬币和代币可以减轻巨大的损失。但是,不要将购买范围分散得太广,因为这可能会导致利润微薄。您更有可能在两到三笔交易中找到成功的交易。还可以考虑在这个动荡的市场中进行套期保值:比特币(BTC)和以太坊(ETH)等加密货币先驱是对冲山替代币的明智选择,但请记住,在投身于替代币之前,进行自己的研究(DYOR)。

消除FUD和FOMO

恐惧,不确定性和怀疑(FUD)是决定加密交易者是否成功的关键因素。这是一种个人心态,可以使用DOYR进行管理,并随您的直觉而变化。尽管权衡他人的意见很重要,但要注意避免因冲突信息而导致产生的FUD。

要克服的另一种心态是对失踪的恐惧(FOMO),定义为“普遍担心别人可能会缺少一些有益的经验”。当您开始与加密市场中的其他人“建立联系”时,比较是不可避免的。 FOMO可能对您的目标和决定有害。建议您尽快识别并处理它,以便您可以继续充满信心地进行交易。

力所能及

加密货币是一个非常动荡的市场,可以为承担的高风险提供高回报。但是,不要贪婪-只投资您愿意​​损失的钱。当您超出自己的承受能能力进行交易时,甚至获得贷款或信贷透支,您都将步入危险区域。

HODL或摇摆策略

HODL意味着在市场下跌时保留您的代币,而不是出售和套现。该策略要求等待熊市,并在交易数字资产时做出明智的决定。这是99%成功的加密货币投资者和交易员所倡导的策略,因为从长远来看,它通常会带来更好的结果。

另一方面, 摇摆策略(Swing trade)的交易者迅速(几周,几天,几分钟)买卖代币以获取短期利润。他们的重点是代币的投机或技术因素,而不是代币的长期前景,以及他们如何从代币的下一步行动中快速获利。

在开始交易之前,了解您的交易策略,HODL或Swing很重要。

此内容不是财务建议,不应作为任何财务投资决策的基础,也不应被视为购买或出售任何商品或产品的建议。交易加密货币很复杂,并且有很高的赔钱风险。您应该仔细考虑交易加密货币是否适合您,并花点时间学习交易的工作方式并确定您准备冒多少风险。

关于嘉库

嘉库是一个全新的世界级加密货币交易所,重点关注用户资产的安全性和保护以及高流动性。

嘉库成立是为了推动加密货币被广泛采用。融合了交易所生态系统的最佳功能和社交网络平台的原理,该交易所旨在通过赋予交易员权力和能力,将权力重新交到社区手中。

成为未来的一部分。掌权。处于包容性和财务自由的网络中。

Twitter, FacebookLinkedIn上与我们联系以获取最新更新

准备好开始用嘉库交易了吗?试试无缝注册过程,今天就在 https://exonium.one 注册一个新帐户!

快速指南:

如何进行外源登记

如何存款

--

--

--

Be part of the future — $tEXO

Recommended from Medium

DMEX: A DEX similar to BitMEX for ETH and BTC with 100x leverage

Top 5 Celebrities in Crypto: Singers — Nooor Blockchain Armenia

What is a blockchain bridge and what is it for?

The history, downfall, and future of ICOs | Episode 1

How to Promote/Market Your ICO

Polkabridge Launches Its Multichain Launchpad V2

What is DAI, and how does it withstand the Bear Market ?

ATPTrucks to Accept Cryptocurrency Payments Including Bitcoin Diamond

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Exonium

Exonium

ExoniumDEX is a decentralised exchange designed to be a unifying exchange of all coins through a unique oracle concept and bridging function.

More from Medium

What just happened to my Crypto Portfolio?

The Dishwasher Inflation Hedge Strategy

What Crypto Means For Science & Medicine

FV Bank is heading to Consensus 2022